U.S. stocks rise in final hour of trade as S&P 500 attempts to end 5-day losing streak

U.S. stock indexes were higher in the last hour of trade on Thursday, with the S&P 500 attempting to snap a five-session streak of losses. The Dow Jones Industrial Average DJIA, +0.39% rose 148 points, or 0.5%, at 33,742. The S&P 500 SPX, +0.68% gained 0.7%, while the Nasdaq Composite COMP, +1.15% advanced 1.3%.

The large-cap index kicked off the week deep in the red after recent stronger-than-expected economic data raised fears about further interest rate rises by the Federal Reserve and the chances of a harder economic downturn. Employment data released Thursday showed the number of Americans who applied for unemployment benefits in early December rose slightly to 230,000, which was exactly in line with the Dow Jones estimate.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. stocks open higher after five straight day of losses for S&P 500U.S. stock indexes opened modestly higher on Thursday after the S&P 500 booked its five consecutive declines as fears of a recession gripped Wall Street. The...
Source: MarketWatch - 🏆 3. / 97 Read more »

U.S. stocks end mostly lower, with S&P 500 suffering longest losing streak since OctoberU.S. stocks closed mostly lower Wednesday, with the S&P 500 falling a fifth straight day as investors continued fearing a recession could be triggered by the... The recession is caused by bad govt policy leading to inflation requiring the Fed to intervene. Let’s all be clear about that moving forward
Source: MarketWatch - 🏆 3. / 97 Read more »